The lasting acknowledgement by LPs in recent years that Infrastructure is an attractive investment has coincided with the increasing acceptance that diversity within organisations is essential for commercial success.
However, as Angela Miller-May, CIO at the Chicago Teachers’ Pension Fund reported to Infrastructure Investor this week – diverse managers in infrastructure are scarce. Creating a problem for investors who want to increase infrastructure commitments for its offer of enhanced returns and “defensive" nature but who also strongly believe that being a good manager goes hand-in-hand with being representative of the societies in which they operate and fundamentally serve.
A further of example of the urgency with which managers need to address diversity and inclusion within their organisations.
‘It’s hard to find a diverse manager in infrastructure’ CIO Angela Miller-May tells why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.